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Forto

Unicorn · $2.1B

Founded 2016 · 484 employees on LinkedIn · 14 known investors

Forto is a freight forwarding and logistics platform that manages international cargo transportation for enterprise brands. The company operates a digital supply chain service across Europe and Asia, serving customers in fashion, furniture, electronics and other industries.

Also known as FreightHub

Founders & leadership

Forto was founded in 2016 by Michael Wax and Erik Muttersbach.

MWMichael Wax
Michael WaxinFounder & CEOFounder and CEO of Forto, a digital freight forwarding and logistics platform that manages international cargo transportation for enterprise brands across Europe and Asia in industries such as fashion, furniture, and electronics.
EM
Erik MuttersbachFounder

Investors · 14

Also in the syndicate · 2

A.P. Moeller HoldingSoftBank Vision Fund 2

Valuation · disclosed

Disclosed events
$2.1Bvaluation at Series DJan 2022
filing ↗
$1.2Bvaluation at Investment roundJun 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Forto is a digitized freight forwarding and supply chain solutions provider that arranges international B2B cargo transport by sea, air and rail, alongside additional services such as customs clearance. Customers book, track and manage shipments through the company's proprietary "Ship by Forto" platform, which centralizes quoting and booking, documentation, invoicing, claims handling, milestone tracking and reporting. The platform emphasizes data quality, drawing milestone data from more than 100 logistics partners, and offers customizable notifications ("Advanced Notifications") intended to flag disruptions in real time. Integration is available through public APIs and standard EDI connections covering 30+ transport milestones.

The company pairs its software with human operations teams that are supported by AI tooling, including a proprietary AI transport management agent branded "Flash by Forto," and it markets an AI product line under the name FortoLabs. Sustainability services form a distinct part of the offering: emissions visibility with verified data, biofuel-based transport options for air and ocean freight, and an ocean plastic prevention program. At the time of its 2021 financing, Forto reported that more than half of its customers used its carbon-offsetting offer and that it doubled each customer's CO2 compensation under a "1+1 Approach."

Forto states it serves roughly 2,500 customers, covers more than 100 countries, and operated about 33,000 shipments on its platform in 2023, with 500+ employees and 14-15 offices across seven countries.

Founding story

The company was founded in 2016 under the name FreightHub. Co-founder and CEO Michael Wax had previously co-founded Konux, a sensor and analytics company, at age 23, and drew on Munich's startup ecosystem, mentorship and peer networks in moving from academia to entrepreneurship. Forto's early strategy targeted a niche segment, Amazon FBA importers, to validate the model before broadening, and it used customer feedback loops to shape the product.

Business model

Forto acts as a freight forwarder, contracting and coordinating international transport of customers' goods across ocean, air and rail modes while providing an accompanying digital platform for booking, visibility, documentation and reporting. Customers can book on pre-negotiated or spot rates and add optional services including customs handling and sustainable transport options.

Sources describe transport bookings on pre-negotiated rates or spot rates plus additional optional services (such as customs clearance, biofuel-based transport and offsetting), but do not otherwise detail pricing.

Traction

Approximately 2,500 customers, more than 100 countries covered, about 33,000 shipments operated on the platform in 2023, over 500 employees and 14-15 offices in seven countries. A customer story cites an 80% reduction in transport emissions for ocean transport using second-generation biofuels.

Latest developments

Forto is promoting FortoLabs, its AI solutions line for logistics, and "Flash by Forto," a proprietary AI transport management agent supporting its customer service teams. The company continues publishing market and capacity updates, including a Middle East situation update and a Logistics Pulse quarterly report for Q2 2026, and guidance comparing sea, rail and air freight from China to Europe.

Full profile — market position, technology, go-to-market, geography, history

Market position

Forto describes itself as a leading provider of digitized freight forwarding and supply chain solutions and has stated an aim to cement market leadership in Europe and beyond. Investors and press coverage have characterized it as part of a new generation of technology-driven logistics companies; it was valued at $1.2 billion in 2021 and $2.1 billion in 2022.

Positioning combines a digital customer platform and proprietary data technology with human logistics specialists, with emphasis on shipment data accuracy and real-time updates, AI-supported customer service, and a sustainability portfolio spanning verified emissions visibility, second-generation biofuel transport and ocean plastic prevention.

Technology

A proprietary transport management platform with end-to-end online booking, document and invoice management, real-time cargo tracking across major milestones, customs status notifications and analytics/emissions dashboards. Forto highlights data aggregation from 100+ logistics partners, public APIs and standard EDI integrations covering 30+ transport milestones, an AI-assisted customer service layer including the "Flash by Forto" AI transport management agent, and an AI product initiative called FortoLabs.

Go-to-market

Direct sales and onboarding via the company's website and customer team, supported by content marketing (market updates, logistics knowledge articles, quarterly "Logistics Pulse" reports and a newsletter) and published customer stories. In its early days the company relied on founder-led sales, proactive networking to win its first paying customer, and market education about digital logistics; the founder has described keeping founders involved in strategic sales after a sales team was built.

Business shippers moving international freight, including large European enterprises; named customers include Home24 and Edeka. Industries served span fashion, furniture and electronics. In its early stage the company focused on the niche of Amazon FBA importers.

Geography

Headquartered in Germany with a network covering 100+ countries via 14-15 offices in seven countries. Offices span Germany and Asia (including Shanghai, Ningbo, Shenzhen, Singapore, Hong Kong and Ho Chi Minh City). European locations added in 2021 included Copenhagen and Aarhus (Denmark), Madrid (Spain) and Rotterdam (Netherlands); in 2022 the company planned expansion into Poland, Belgium, Sweden and southern Europe.

History

Founded as FreightHub in 2016 and later renamed Forto, the company expanded across Europe and Asia to serve brands in fashion, furniture and electronics. In June 2021 it raised $240 million led by SoftBank Vision Fund 2 at a $1.2 billion valuation, bringing total funding to $360 million, and at that time strengthened its leadership with technology, sales and finance hires. Eight months later, in February 2022, it announced a pre-emptive $250 million Series D led by Disruptive at a $2.1 billion valuation, taking total capital raised to more than $600 million, and appointed former CEVA Logistics executive Jochen Freese as Executive Vice President of Procurement and Business Development.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Countries coveredJan 2026100
Countries with officesJan 20267
CustomersJan 20232,500 customers
EmployeesJan 2026500 employees
HeadcountAug 2026484
Logistics partners supplying platform dataJan 2026100 partners
OfficesJan 202614 offices
Shipments operated on platformJan 202333,000 shipments
Total funding raised to dateJan 2022$600M
ValuationJan 2022$2.1B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

The Forto mafia →

7 people who came through Forto went on to found or lead other companies.

Competitors · 7

by search overlap
Maersk179 shared keywordsMaersk provides integrated logistics services and solutions including inland transport via road, rail, and barge, as well as global shipping and supply chain solutions for businesses across industries in 130+ countries.
Inco Docs167 shared keywordsAn educational platform and content hub serving importers, exporters, and entrepreneurs with guides, tools, and weekly insights on supply chain, shipping, and international trade.
Corporatefinanceinstitute132 shared keywordsCorporate Finance Institute (CFI) is an online training platform offering certifications and courses in financial modeling, valuation, FP&A, financial analysis, business intelligence, and related finance and AI skills. It serves finance professionals seeking job-ready skills and industry-recognized credentials such as the FMVA.
AIT Worldwide Logistics117 shared keywordsAIT Worldwide Logistics is a freight forwarding company providing global logistics services including air charter, full-truckload consolidation, purchase order management, and supply chain solutions across industries such as automotive, healthcare, food, telecom, and defense. It serves business shippers worldwide with end-to-end shipment control and visibility.
FedEx108 shared keywordsFedEx is a global courier and logistics company that provides shipping, delivery, and supply chain management services for businesses and consumers worldwide.
Freightos107 shared keywordsFreightos is a global freight booking and payment platform that connects carriers, freight forwarders, importers and exporters for air, ocean and trucking freight pricing, booking and shipment management. The company provides digital infrastructure for the logistics industry.
ShipBob100 shared keywordsShipBob provides fulfillment and logistics services for ecommerce businesses, enabling direct-to-consumer brands to outsource order fulfillment and warehouse operations. The company operates over 50 fulfillment centers globally and serves thousands of ecommerce merchants.

Companies competing with Forto for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 6

launches, deals, and filings
Jan 2026
FortoLabs AI solutions for logistics

Forto promotes FortoLabs, an AI solutions offering for logistics, alongside "Flash by Forto," a proprietary AI transport management agent supporting customer service.

source ↗

Jan 2022
Planned expansion into additional European markets

Company stated plans to extend its footprint to customers in Poland, Belgium, Sweden and southern Europe.

source ↗

Jan 2022
Forto announces $250 million pre-emptive Series D at $2.1 billion valuation

Series D led by US-based investment firm Disruptive with existing investors SoftBank Vision Fund 2, G Squared, Northzone, Unbound and A.P. Moeller Holding; total raised surpassed $600 million.

$250M source ↗

Jan 2022
Jochen Freese appointed Executive Vice President of Procurement and Business Development

Forto appointed Jochen Freese, formerly Chief Commercial and Marketing Officer at CEVA Logistics, to lead procurement and business development.

source ↗

Jun 2021
Forto raises $240 million led by SoftBank Vision Fund 2 at $1.2 billion valuation

Round led by SoftBank Vision Fund 2 with participation from Citi Ventures and G Squared and existing investors Northzone, Inven Capital, Cherry Ventures and Unbound; brought total funding to $360 million. Nahoko Hoshino joined the Forto board as SoftBank Investment Advisers representative.

$240M source ↗

Jan 2021
European and Asian office expansion

Opened offices in Copenhagen and Aarhus (Denmark), Madrid (Spain), Rotterdam (Netherlands) and Ho Chi Minh City (Vietnam).

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Forto do?
Forto is a digital freight forwarder offering sea, air and rail transport plus supply chain visibility software for B2B shippers.
Who founded Forto?
Forto was founded by Michael Wax, Erik Muttersbach in 2016.
Who are Forto's investors?
Forto's investors include Cavalry Ventures, Cherry Ventures, G Squared, General Catalyst, Inven Capital, Iris Capital, La Famiglia, Maersk Growth and 4 more.